Markets end flat; TCS, HDFC Bank shine on good Q1 show

1. Markets end flat; TCS, HDFC Bank shine on good Q1 show
Market Summary
13-Jul-2012
After yesterday’s carnage, markets began on a positive note as India’s largest IT company T Consultancy Services (TCS)
ata
met the street expectation with good Q1 show. Later, HDFC Bank also delighted investors by reporting 31% growth in its bottom line
beating street expectation. Investors were seen buying blue chips that were beaten down during yesterday’s bloodbath. Markets,
however erased all the intraday gains on profit booking by traders during late trading hours to close flat with negative bias.
Globally, Asian and European markets were mostly positive while U.S. indices closed in red.
On the macro front, India’s export and import declined by 5.45% and 13.46% respectively in June on y-o-y basis as per the Director
General of Foreign Trade Mr. A Pujari. For the June quarter, the exports and imports dropped by 1.7% and 6.1% respectively.
Key Results
HDFC BANK: For the period while the Net Sales increased by 33.95%, Net Profit grown by 30.64% and thereby NPM reduced to
17.70% as compared to 18.15% on y-o-y basis. The stock gained 1.2% on the NSE today. (Detailed Result)
TCS: The company reported a 37.4 per cent rise in its Q1 profit. Revenue rose 37.7 percent from a year earlier for the company. The
stock was up 1.1% on the NSE today. (Result)
Back to markets, the market breadth on the BSE closed in negative. Advances and declining stocks were in a ratio of 1265:1492 while
146 scrips remained unmoved.
The BSE Sensex ended at 17213.70, down 18.85 points or 0.11%. The 30 share index touched a high and a low of 17342.88 and
17182.29 respectively. 13 stocks advanced against 17 declining ones on the benchmark index.
The S&P CNX Nifty lost 8.00 points or 0.15% to settle at 5227.25. The index touched high and low of 5267.15 and 5216.85 respectively.
19 stocks advanced against 31 declining ones on the index.
Sensex Nifty
The BSE Mid-cap index moved down to 6247.89 and lost 0.22% while Small-cap index hammered down by 0.11% to 6737.42.
The broader BSE 500 index decreased to 6662.97 (down 0.21%) and S&P CNX 500 index declined to 4156.75 (down 0.19%).
The volatility indicator INDIA VIX lost 2.41% at 18.26 from its previous close of 18.71 on Thursday.
Sectors in action
On the BSE Sectorial front, FMCG (up 0.22%) and Oil & Gas (up 0.01%) were the top gainers.
Consumer Durables (down 1.63%), Real Estate (down 1.37%) and Metals (down 1.15%) were the top losers.
The Angels and the Devils
Hero MotoCorp Ltd. (up 1.38%), HDFC Bank (up 1.21%), T Consultancy Services Limited (up 1.10%), Oil And Natural Gas Corp Ltd
ata
(up 0.92%) and Cipla Limited (up 0.87%) were the top gainers on the Sensex.
Jindal Steel And Power Limited. (down 3.24%), Hindalco Industries Ltd. (down 2.11%), T Power Company Limited (down 2.08%),
ata
State Bank of India (down 1.69%) and Infosys Limited (down 1.65%) were the top losers on the Sensex.
Benchmark Drivers
Infosys Limited (-21.75 points), HDFC Bank (15.70 points), State Bank of India (-13.49 points), ITC Limited (12.37 points) and Tata
Consultancy Services Limited (9.47 points) were the major Sensex drivers today.
On the other end Bharat Petroleum Corporation Limited (-17.88 points), Infosys Limited (-5.24 points), HDFC Bank (4.06 points), State
Bank of India (-4.00 points) and ITC Limited (3.14 points) were the major Nifty movers today.
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